Medical Facilities (TSE:DR) Stock Breaks Above 50-Day Moving Average – Here’s Why

Shares of Medical Facilities Co. (TSE:DR) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$15.03 and traded as high as C$15.10. Medical Facilities shares last traded at C$15.04, with a volume of 33,051 shares traded.

Medical Facilities Trading Up 1.3%

The company has a quick ratio of 1.51, a current ratio of 2.49 and a debt-to-equity ratio of 58.57. The company’s fifty day moving average price is C$15.03 and its two-hundred day moving average price is C$16.48. The firm has a market cap of C$264.45 million, a PE ratio of 8.00, a P/E/G ratio of 3.81 and a beta of 0.61.

Medical Facilities (TSE:DR) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$89.62 million during the quarter. Medical Facilities had a net margin of 13.87% and a return on equity of 45.36%. As a group, sell-side analysts forecast that Medical Facilities Co. will post 1.24 earnings per share for the current fiscal year.

Medical Facilities Company Profile

Medical Facilities owns a 51% controlling interest, with its physician partners owning the remaining 49% interest, in two highly rated, high-quality specialty surgical hospitals located in Arkansas and South Dakota. The hospitals perform scheduled surgical, imaging, diagnostic and other procedures, including primary and urgent care, and derive their revenue from the fees charged for the use of their facilities.